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OlympusDAOOlympusDAOby0x389b11C4fA4b95bCc252A2B20Bb62310Fbc36746abipup.eth

OIP-122 Transfer DAI from OHM bagholders to 3 Watermelons Research

Voting ended over 3 years agoSucceeded

Note: posted on @0xwatermelon 's behalf, Summary and Motivation written in their words.

Summary

I found very simple vulnerability in BondFixedExpiryTeller.sol contract deployed at BondFixedExpiryTeller. At the time of the exploit contract held 30,437 ($300k) which have since been returned. Previously I have reported another very simple vulnerability to Olympus DAO which I haven't been credited for affecting $7m in aOHMMigration.sol contract deployed at aOHMMigration. Bug was found upon deployment due to it's simplicity, any address had the ability to call function initialize() any amount of times, changing tokens that are being redeemed and drain entire OHM/aOHM balance. OlympusDAO 'developers' have not responded after fixing the issue.

Motivation

All proceeds will be used to fund work of 3 Watermelons Research.

Proposal

Transfer DAI to 0x53a514bBf295A2345d42A9AaB2473978d150f00a, from OlympusDAO Treasury. This Snapshot vote decides on the amount of DAI to send.

Vote how much DAI to send to watermelon's wallet:

  • 250000 DAI
  • 150000 DAI
  • 50000 DAI
  • 0 DAI (send nothing)

Off-Chain Vote

250000 (250k) DAI
3.5K OHM2.3%
150000 (150k) DAI
35.68K OHM23.3%
50000 (50k) DAI
15.22K OHM9.9%
0 DAI (send nothing)
98.71K OHM64.5%
Download mobile app to vote

Discussion

OlympusDAOOIP-122 Transfer DAI from OHM bagholders to 3 Watermelons Research

Timeline

Oct 26, 2022Proposal created
Oct 26, 2022Proposal vote started
Oct 30, 2022Proposal vote ended
Feb 09, 2026Proposal updated